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This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $58,800 initial cash invested.
-16.8%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$1,999
Rent
-$823
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,999 income − $2,822 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$2,822
Mortgage P&I
72%
$1,431
Property Taxes
36%
$710
Home Insurance
5%
$98
HOA
3%
$63
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0